710 N 17th StLamesaTX79331
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Lamesa at 710 N 17th St, Lamesa, TX, 79331 offers $2,855/mo rent that, after a $1,569/mo payment, leaves $576/mo cash flow. Total monthly income is $2,855/mo, and annual cash flow is $6,907/yr on $106,246 cash. Return on cash invested measures 26.41% in year one, and rental yield stands at 10.69% at a $320,500 entry. Equity gained on principal adds $2,068/yr while 5% annual appreciation compounds into $88,548 by year five. Five-year ROI records 138.92% and total cumulative return in cash reaches $147,592. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,855/mo property income versus a $1,569/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79331, Lamesa, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,451 (100%) |
| Owner Occupied HU | 2,678 (60.2%) |
| Renter Occupied HU | 1,024 (23.0%) |
| Vacant Housing Units | 749 (16.8%) |
| Median Home Value | $115,729 |
| Average Home Value | $216,196 |
Housing Distribution
Address Breakdown
Residential
4,305
Single Family
4,158
Multi-Family
147
Businesses
480
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